The footwear sector in Turkey experienced fluctuating employee numbers from 2013 to 2023, standing at 51.92 thousand employees in 2023. Notably, the employee count saw significant spikes in 2020 and 2021 closely following years of minimal change or slight declines. The period from 2019-2023 witnessed a consistent upward trend, with a year-on-year growth rate of around 3.4% and an overall average annual growth (CAGR) of approximately 3.15%.
Looking ahead, the forecasted data suggests a steady increase, reaching 60.19 thousand employees by 2028, marking a 12.28% growth over five years with a forecasted average annual CAGR of 2.34%. This steady upward trend suggests a robust recovery and continual growth in the sector.
Future trends to watch for:
- Market expansion influenced by growing local and international demand.
- Technological advancements in manufacturing boosting productivity and employee efficiency.
- Policy changes and economic factors impacting the labor market dynamics.
- Shifts in consumer preferences towards sustainable and ethically produced footwear.
